Current Mortgage Rates

Sunday, September 07, 2008



Take a file folder and put a statement from every creditor that you owe in it. If you don't receive a monthly statement from the creditor, put the following information on a sheet of paper about the debt and place it in your file: (Please make sure you list all of your outstanding debts - get a copy of your credit report so you don't miss any!)
  • Name and complete mailing address of who you owe;
  • Your account number (if applicable);
  • The name of who owes the debt (husband, wife or both);
  • Your current paycheck stubs;
  • How much your monthly payments are;
  • Copies of any court proceedings filed against you;
  • The amounts and type of your debts. Include credit card debts, loans, taxes, and unpaid medical bills. Note whether the debts are secured (backed by something you own, like your car) or unsecured. You'll have to know how much you have left and the payment history.
  • The dates when you incurred your debts. For credit cards and loans, you'll need to know the amount of purchases, cash advances, or balance transfers for the last six months.
  • The value of each of your assets. An asset is anything that you own, have a right to own, or own a part of. Items are valued at what you could sell them for today, not what you paid for them. If you are planning to file for bankruptcy, there are two important rules to remember. Both rules deal with treatment of creditors in the 3 months leading up to the filing of the bankruptcy.
Credit Card Purchases: If at all possible ,do NOT use your credit cards for at least 90 days before the date you file your petition for bankruptcy.

Payments to Creditors Prior to Bankruptcy: Bankruptcy law requires you to treat all of your creditors equally. For example, you cannot repay a $10,000 personal loan to your parents and then file bankruptcy to avoid paying your credit card debt. You must keep it in mind as you prepare to file your bankruptcy.




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Current Mortgage Rates*

Loan Type
National Average
30-yr. fixed6.38%
30-yr. fixed jumbo7.00%
15-yr. fixed5.88%
15-yr. fixed jumbo6.50%
7/1 ARM6.25%
5/1 ARM6.00%
3/1 ARM5.88%
1-yr. ARM6.00%
1-yr. LIBOR ARM5.50%
10/1 ARM7.88%
*Mortgage Rates Updated: 09/04/2008